In relation to the above chart of the U.S. 10-year Treasury note, we will now discuss the U.S. dollar/Japanese yen (USD/JPY) currency pair. After five waves up into the blue wave one, this complex move lower that unfolded we regard as the double zigzag with a possible support around the 101.40-60 zone. We believe we are now in the last stages of the second C wave and based on the U.S. 10-year Treasury notes chart, we could suggest that a reversal may be near. Break above the 105.65 level will be the first sign of a reversal on this pair and that we are going higher.


USD/JPY, 1-hour